Lilium is a German start-up with humongous ambitions. The company has just finished the second round of fundraising which left it with $90 million in their pockets. Numerous tech investors contributed to this dream which made Lilium the best-funded electric aircraft concept. These funds will help the company build the very first fleet in the world of flying taxis. Each of the aircraft will feature five seats for passengers.
German Start-up Lilium Is on a Mission to Solve Complex Physics Problems for the Benefit of Public Transportation
Lilium organized its first fundraising only last year which boosted their financial resources with $11.4 million. The German company soon reached international notoriety as being one of the few businesses that are on the mission to solve complex physics problems.
If they achieve their vision, they will be the owners of a new means of transportation. They aim for an aircraft that can perform vertical take-offs and employ electricity to power their jet flight.
On Tuesday, Lilium announced that LGT joined its latest funding round which is the largest investment company in Europe. Other main players were Atomico which is a venture organization and Obvious Ventures which was created by Twitter co-founder, Evan Williams.
People Will Be Able to Move through Cities Six Times Faster Than Drones Thanks to Lilium Flying Taxis
Back in April, the German start-up claimed that they had recorded several successful tests with their flying taxis. One of the evolutions they scored is making a two-seat jet transition in mid-air from hover mode to wing-borne flight. The former replicates the way drones are flying while the latter performs a conventional aircraft flight.
This mid-air transition is going to enable people to travel up to six times faster than drones can. As a consequence, a 12-mile journey from Manhattan to JFK Airport will take no more than five minutes. Think about how much time you could save if you have the possibility to avoid street traffic, especially in urban areas!
Image source: Lilium